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tomorrow IMO will be the point where it is time to go the other way. 204.70 or thereabouts. it got close today
AAPL looks like 115+ next week easy imo
i dont think long is the way to go. i see a 1.5-2% down day at some point. it may bounce as well but i see spy down 3-4 points before that happens. IMO
hey dont be dogging on bengals fans. :(
this is good though. creates massive swings. 204.70 is the bottom imo
nolerman i have a chart that shows the bull flag. bottom of the flag is 204.70 area today. it should bounce from there if it gets there. i will be watching for a bounce today to play puts
tomorrow is the day of decisions. look atthe piercing of the lower band and sitting on support. either we bounce hard or tank imo. 204.70 area is possible.
nice photo shop action there. love that chart. tomorrow will be an inverted middle finger.
i got ndx 4555C when the price was 4500 area so this market could move big if the dove comes out
ndx is Actually holding up pretty well considering the selling pressure on the other indices.
i seen that as well. im thinking maybe its better to play the bands because it seems to want to pull toward the middle but for how long?
we are back in that channel again. if it holds the bottom would be near 205
hard to say what will happen today. the market is not commited to anything
dont feel bad i sold my pcln but got stuck in ndx. i will need a $50 move to the plus side tomorrow just to break even.
nice find
i could agree with this. i still think 212.50 could be on tap for this week.
im not 100% confident that we drop today. we may get an early headfake and then continue. 212.50 is my spy target.
yes very frustratimg
yep. not sure if that is good or bad news
europe is not down near as much as i expected it to be. maybe we can still go green. we need to hold 210 though.
china markets being down 6% will put a hold on any rally imo. things needed to be business as usual and dang china screwed that up.
yeah bangkok explosion which triggeres it i think. not good for us markets.
i will likely not hold through wednesday on my calls. i hope spy hits 212.50 prior to wednesdays meeting. although the macd turn to thered the price action was up even when the macd was going down. that is a bullish move. also with the break of resistance at 210 that seemed to trigger a bot response to buy up shares.
We just broke out of a major resistance point it's lasted for a couple weeks I would be careful loading puts if it closes above 210 we could go much higher
im ready
im ready
imo if markets break this resistance and hold there will be a lot of short covering which could drive markets even higher.
i need a $30 move in pcln and a $50 move in ndx...to the plus side.
market starting to look bullish to me. that 210 is going to fall eventually with this buying pressure...imo
210 is definitely the deciding point. if it breaks it will be at 210.50 in no time
careful here risk. it may work but markets and macd's are setting up for a possible move above 210. it depends on descending triangle break or not.
agree i seen the same thing. 1314 is first resistance and the 1358 is next. at least thats what i see. would be nice to hit 1360 by week end
i have ndx calls and pcln 1340's. this should be a good week...i hope
the chart looks setup for a big run this week
huge move up on it. +13 in premarket
Link posted by Nolerman
http://www.seeitmarket.com/10-trading-insights-ryan-detrick-13640/
This is a great article
something to note and this is an opinion of mine.
The US and Japan and probably several other 1st world countries are going from country to country developing all these 2nd world countries. first it was mexico, then china, and now india. it will continue till all resources are developed and then the jobs will start moving back to the original source of the jobs because wages will cause logistics to no longer make sense to take out of country anymore.
this may be 30 years or more down the road.
you cant lose either
i think monday is bullish but this could be a multiday run. this market has formed a pennant or bull flag and when it breaks from those more times than not it goes higher.
That's a great article! also one that I can relate to on many counts